Harbor Capital Advisors Inc. Decreases Position in Dynatrace, Inc. (NYSE:DT)

Harbor Capital Advisors Inc. decreased its position in Dynatrace, Inc. (NYSE:DT) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,864 shares of the company’s stock after selling 1,280 shares during the period. Harbor Capital Advisors Inc.’s holdings in Dynatrace were worth $5,645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DT. Versant Capital Management Inc raised its position in shares of Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after purchasing an additional 206 shares during the period. Virtue Capital Management LLC raised its holdings in Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after acquiring an additional 212 shares during the period. Atria Investments Inc lifted its position in shares of Dynatrace by 3.4% during the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after acquiring an additional 240 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Dynatrace by 2.9% in the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after acquiring an additional 248 shares during the period. Finally, Riverview Trust Co grew its position in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

DT stock opened at $50.64 on Friday. The firm has a market cap of $15.12 billion, a P/E ratio of 92.07, a P/E/G ratio of 8.20 and a beta of 1.02. The firm’s fifty day moving average is $54.63 and its 200 day moving average is $51.00. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank of Canada raised their target price on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Scotiabank raised their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Loop Capital upped their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. UBS Group initiated coverage on shares of Dynatrace in a report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price target for the company. Finally, Barclays upped their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.